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| * We will personally give you up to £500 cash back on any mortgage we arrange for you over £170,000. Cash back varies depending on mortgage value. ** We will pay your solicitor's legal fees on mortgages over £200,000. Standard cases only, and applicant pays any standard disbursements. Typically, we do not charge a fee. Our mortgage advisers are fully qualified as per FSA requirements. Early repayment fee may be payable depending on the mortgage chosen. Your home may be reposessed if you do not keep up payments on your mortgage. "1st Mortgage Line" is authorised and regulated by the Financial Services Authority. Registration No. 470638 Licensed under the Consumer Credit Act, No. 588011. |
Interest Only Mortgages are where regular payments (usually monthly) only meet the interest requirements. The interest rate is usually variable and linked to prevailing rates but can be fixed for a given period. The capital amount outstanding remains approximately the same and the borrower will need to make additional provision for repaying this amount at the end of the term of the loan.
